Watch List notes:

Melbourne, Australia (under Great Britain), gold sovereign, Victoria (young head), 1876-M. Sp-3857; KM-7. 7.97 grams. Choice AU with faint surface granularity, lots of red color on reverse. With certificate from the salvager. Recovered from: Schiehallion, sunk in 1879 off the Isle of Wight, England

Estimate: $600-900